Citizens Financial Group Inc. RI Takes Position in Nasdaq, Inc. $NDAQ

Citizens Financial Group Inc. RI purchased a new stake in Nasdaq, Inc. (NASDAQ:NDAQ) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,023 shares of the financial services provider’s stock, valued at approximately $554,000.

A number of other large investors have also added to or reduced their stakes in the stock. MV Capital Management Inc. bought a new position in Nasdaq during the 4th quarter worth $28,000. Nemes Rush Group LLC acquired a new position in Nasdaq in the 4th quarter valued at $35,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Nasdaq during the 4th quarter valued at $35,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Nasdaq during the 4th quarter valued at $37,000. Finally, Reflection Asset Management acquired a new stake in shares of Nasdaq during the 4th quarter worth $41,000. Institutional investors and hedge funds own 72.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NDAQ shares. Keefe, Bruyette & Woods raised their price target on Nasdaq from $92.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Rothschild & Co Redburn set a $110.00 price objective on shares of Nasdaq in a research report on Thursday, June 11th. Loop Capital set a $113.00 price objective on shares of Nasdaq in a research report on Friday, April 24th. Raymond James Financial reiterated an “outperform” rating and set a $113.00 price objective (up from $111.00) on shares of Nasdaq in a research note on Thursday, July 9th. Finally, Barclays reissued an “overweight” rating and issued a $111.00 target price (up from $108.00) on shares of Nasdaq in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Nasdaq has a consensus rating of “Buy” and an average price target of $110.30.

Insider Activity at Nasdaq

In other Nasdaq news, EVP Bradley J. Peterson sold 13,000 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $92.61, for a total transaction of $1,203,930.00. Following the completion of the transaction, the executive vice president owned 128,293 shares of the company’s stock, valued at approximately $11,881,214.73. The trade was a 9.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ab Investor bought 56,782 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $85.98 per share, with a total value of $4,882,116.36. Following the acquisition, the insider directly owned 58,439,208 shares of the company’s stock, valued at approximately $5,024,603,103.84. The trade was a 0.10% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 41,797 shares of company stock valued at $3,926,319 over the last ninety days. 0.60% of the stock is owned by corporate insiders.

Nasdaq Stock Down 0.4%

NASDAQ NDAQ opened at $96.35 on Thursday. The business has a fifty day moving average price of $89.45 and a two-hundred day moving average price of $87.96. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.01. Nasdaq, Inc. has a fifty-two week low of $76.55 and a fifty-two week high of $101.79. The stock has a market capitalization of $53.86 billion, a PE ratio of 28.09, a PEG ratio of 1.30 and a beta of 0.97.

Nasdaq (NASDAQ:NDAQ) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Nasdaq had a return on equity of 18.38% and a net margin of 22.60%.The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $0.85 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. Equities analysts expect that Nasdaq, Inc. will post 4.15 earnings per share for the current fiscal year.

Nasdaq Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 11th. Nasdaq’s dividend payout ratio is currently 36.15%.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.